Hello,
I want to open a personal offshore bank account and already sent some requests to some banks.
My preferred countries would be
Anyhow. Here is some info on my situation:
European Citizen and resident
United Sates permanent resident
Holding bank accounts in Europe and United States
owning properties in both Europe and US
Now I sent some emails to several banks already and found out that obviously in Cayman Islands and Panama you need actual ties to the country to open a personal bank account. (property, family, business, residence etc.)
I haven't heard back yet from the banks in Belize but I thought I would try to get some info here in the mentor group.
My questions are:
I hope somebody here can help me out
thank you
I want to open a personal offshore bank account and already sent some requests to some banks.
My preferred countries would be
- Cayman Islands
- Belize
- Panama
Anyhow. Here is some info on my situation:
European Citizen and resident
United Sates permanent resident
Holding bank accounts in Europe and United States
owning properties in both Europe and US
Now I sent some emails to several banks already and found out that obviously in Cayman Islands and Panama you need actual ties to the country to open a personal bank account. (property, family, business, residence etc.)
I haven't heard back yet from the banks in Belize but I thought I would try to get some info here in the mentor group.
My questions are:
- Is it that hard to get a bank account in any of those jurisdictions? I know it's especially hard as US person but keep in mind that I could in theory provide all paperwork with only my ties to Europe.
- Which jurisdiction would be the best for me?
I would mainly use it for investing and transferring/receiving money from broker companies.
- I found an article in this forum that said that wire transfers to and from Belize banks are a pain in the butt. unfortunately I can't find it anymore. Is this the case? Is Belize unsafe for what I plan on doing?
- Is there any way to still open a bank account in Cayman without those ties or are there ways to artificially create those ties without buying property etc.?
- Would it be easier to just form an IBC and apply for a corporate bank account rather than trying to open a personal one?
I hope somebody here can help me out
thank you
